Can India now focus on its weak ecosystem ??
India’s electronics sector once flourished, but now we lag due to a weak design ecosystem and lack of focus on local innovation.
The ITA-1 policy favored imported finished products over components, hindering domestic manufacturing and leading to foreign brands dominating the smartphone market.
Despite substantial government funding, design and innovation remain elusive in the sector, with venture capital favoring e-commerce and fintech over electronics.
Our talent pool is geared towards service roles, producing engineers who lack exposure to the full product development cycle, hindering innovation in the industry.